Penguin in Peril

In the choppy waters of Long Island Sound, Ann Cox, 15 (left)", and Joan Waldron, 17, entrants in Larchmont Race Week's junior regatta, fight a losing battle to keep their Penguin, Elmo, afloat. Squalls buffeted the 304 starters in the race and prevented 75 of them from finishing, but prompt rescue work by power craft saved the youngsters from anything worse than a dunking.

PHOTO

MORRIS ROSENFELD